Spot bitcoin ETFs extend negative streak, following $2.4 billion monthly outflows in May
Dampened hopes for an improved macroeconomic environment have led institutions to move from crypto ETFs to AI stocks, an analyst said.
The 04:47 UTC Bitcoin block 952,072 transaction moved coins from Mt.
Bitcoin’s derivatives market has yet to fully heal from a violent shakeout last October, when roughly 71,000 BTC worth around $11 billion was wiped from open interest across major exchanges. Total open interest has not recovered to pre-event levels, leaving a gap of more than 24,000 BTC that signals many traders are still sitting on the sidelines.
June 2, 2026, 6:00 amBitcoin led the outflows, and Ethereum slipped too.
June 2, 2026, 6:00 amDampened hopes for an improved macroeconomic environment have led institutions to move from crypto ETFs to AI stocks, an analyst said.
BTC fell 3.4% in 24 hours to below $71,000, the lowest level in weeks, as Monday's 8-K filing disclosing Strategy's first publicized bitcoin sale continued to weigh.
A $79 million market hinges not on whether Michael Saylor's firm sold bitcoin, but on whether a sale disclosed June 1 can count toward a deadline that passed May 31.
Strategy sold a small portion of its Bitcoin holdings last week, marking the company’s first disclosed BTC sale since its December 2022 tax-loss harvesting transaction.
Analysts said the size of Strategy's bitcoin sale was relatively trivial, but sent a bearish signal to the broader market.
Bitcoin holds above $70k despite massive ETF outflows, but with liquidity drying up, can stablecoin flows provide the fuel for a June rally?
A clash has erupted among Polymarket users over the timing and disclosure of a recent Bitcoin sale by Strategy, with more than $80 million traded on the disputed outcome.
The widening gap between Bitcoin and the S&P 500 and bearish on-chain indicators suggest Bitcoin is under selling pressure.
Weiss Crypto says Bitcoin may be approaching one of its strongest buying opportunities in years, with senior analyst Juan M. Villaverde arguing that a coming pullback could mark the final confirmation that the market’s bearish phase has ended.